LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Bond Market
BND
|
+$746M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
| 3 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$629M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$493M |
| 5 |
iShares Core US Aggregate Bond ETF
AGG
|
+$411M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$86.2M |
| 2 |
iShares S&P Mid-Cap 400 Value ETF
IJJ
|
+$30.8M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$29.7M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$26M |
| 5 |
iShares Currency Hedged MSCI Japan ETF
HEWJ
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 2.78% |
| 2 | Technology | 2.72% |
| 3 | Healthcare | 2.43% |
| 4 | Industrials | 2.36% |
| 5 | Communication Services | 2.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGGP
701
DELISTED
IQ Enhanced Core Plus Bond U.S. ETF
AGGP
| $3.39M | 0.01% |
169,031
+50,117
| +42% | +$1M |
|
702
CenterPoint Energy
CNP
$29.1B
| $3.38M | 0.01% |
123,591
+2,721
| +2% | +$76.3K |
|
703
iShares US Telecommunications ETF
IYZ
$1.19B
| $3.37M | 0.01% |
104,467
-8,602
| -8% | -$285K |
|
704
iShares Morningstar Mid-Cap Value ETF
IMCV
$1.13B
| $3.37M | 0.01% |
68,259
-5,742
| -8% | -$282K |
|
705
Fidelity Nasdaq Composite Index ETF
ONEQ
$10.2B
| $3.35M | 0.01% |
138,790
+8,680
| +7% | +$208K |
|
706
AGNC Investment
AGNC
$12.3B
| $3.34M | 0.01% |
156,690
+93,173
| +147% | +$1.94M |
|
|
BSJL
707
DELISTED
Invesco BulletShares 2021 High Yield Corporate Bond ETF
BSJL
| $3.32M | 0.01% |
131,796
+30,010
| +29% | +$752K |
|
708
Nuveen Municipal Value Fund
NUV
$1.91B
| $3.31M | 0.01% |
332,171
-399,115
| -55% | -$3.98M |
|
|
BSCJ
709
DELISTED
Invesco BulletShares 2019 Corporate Bond ETF
BSCJ
| $3.31M | 0.01% |
155,579
+2,068
| +1% | +$43.9K |
|
|
DISH
710
DELISTED
DISH Network Corp.
DISH
| $3.3M | 0.01% |
52,651
+2,984
| +6% | +$188K |
|
|
COL
711
DELISTED
Rockwell Collins
COL
| $3.3M | 0.01% |
31,362
+3,840
| +14% | +$398K |
|
712
First Trust Nasdaq Bank ETF
FTXO
$305M
| $3.29M | 0.01% |
124,619
+27,605
| +28% | +$708K |
|
713
Cardinal Health
CAH
$53.4B
| $3.28M | 0.01% |
42,089
+36,143
| +608% | +$2.73M |
|
714
First Trust Small Cap Value AlphaDEX Fund
FYT
$189M
| $3.27M | 0.01% |
96,194
-1,211
| -1% | -$40.9K |
|
715
iShares Core Universal USD Bond ETF
IUSB
$42.6B
| $3.27M | 0.01% |
64,159
+34,150
| +114% | +$1.74M |
|
716
NetEase
NTES
$76.5B
| $3.27M | 0.01% |
54,320
+19,085
| +54% | +$1.09M |
|
717
Kroger
KR
$34.8B
| $3.24M | 0.01% |
138,847
+109,975
| +381% | +$3.12M |
|
718
Applied Materials
AMAT
$426B
| $3.23M | 0.01% |
78,291
+16,105
| +26% | +$684K |
|
719
iShares MSCI Germany ETF
EWG
$1.5B
| $3.23M | 0.01% |
106,618
-329,054
| -76% | -$9.93M |
|
720
iShares MSCI KLD 400 Social ETF
DSI
$5.19B
| $3.22M | 0.01% |
72,166
+11,620
| +19% | +$514K |
|
721
Magna International
MGA
$17.9B
| $3.22M | 0.01% |
69,456
+961
| +1% | +$41.7K |
|
722
Yum China
YUMC
$14.9B
| $3.21M | 0.01% |
81,432
+11,806
| +17% | +$426K |
|
723
United Rentals
URI
$71.1B
| $3.21M | 0.01% |
28,468
+23,921
| +526% | +$2.67M |
|
724
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
$1.57B
| $3.21M | 0.01% |
30,516
+19
| +0.1% | +$1.98K |
|
725
First Trust Mid Cap Value AlphaDEX Fund
FNK
$227M
| $3.18M | 0.01% |
95,192
+12,621
| +15% | +$417K |
|
Similar funds
LPL Financial's Q2 2017 Portfolio in Review
As of Q2 2017, LPL Financial held 3,108 positions worth $26.4B, up 80% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
LPL Financial deployed $11.3B of net new capital in Q2 2017, opening 409 new positions and adding to 1,228 existing holdings. Its largest new stake was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 2.4% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $86.2M trimmed.
- LPL Financial's largest Q2 2017 buy was State Street SPDR S&P Dividend ETF: 1,023,486 shares worth $91M.
- LPL Financial added most to Vanguard Total Bond Market in Q2 2017, an estimated $746M increase.
- LPL Financial's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $86.2M.
- LPL Financial fully exited Energy Transfer Partners L.p. in Q2 2017, selling an estimated $5.54M.
- LPL Financial's ten largest holdings make up 24% of its $26.4B portfolio in Q2 2017.
- LPL Financial opened 409 new positions and closed 314 in Q2 2017.
- LPL Financial's portfolio value rose 80% quarter-over-quarter to $26.4B.
Based on LPL Financial's 13F filing for Q2 2017, filed 14 Aug 2017.